Orsted is the largest developer on the US East Coast with 5 GW of offshore wind projects awarded. Because of the sharp rise in construction costs and interest rates since 2021, none of the ...

Just under US$500mil was due to an expected hit in the market value of Orsted’s seabed leases off the coast of the United States. Such early-stage projects require federal approvals that the ...

That impairment came as part of a wider DKr12.1bn Orsted posted for the fourth quarter of 2024, with the developer also suffering from stubbornly high US interest rates and supply chain turmoil in its ...

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order ...

As costs soared, Orsted became emblematic of the challenges of building wind farms off the US coast, as the company canceled two flagship projects and recorded billions of writedowns. With Trump ...

Danish wind energy company Orsted has sold 50% of its stake in the Greater Changhua 4 wind farm off Taiwan's west coast to Cathay ... for Flying Drone Over US Military Base 25 actors who are ...

Danish developer Orsted took a total DKr12.1bn ($1.68bn) impairment in the fourth quarter 2024 due to stubbornly high US interest rates, supply chain turmoil in its Sunrise Wind array, and plummeting ...

COPENHAGEN, Jan 20 (Reuters) - Offshore wind developer Orsted (ORSTED.CO), opens new tab on Monday posted an impairment charge of 12.1 billion Danish crowns ($1.69 billion) in the fourth quarter ...